2522 Bear Island River Rd, Ely, MN 55731
OFF MARKET

$254,200

Trulia Estimate
  • 1 Bed
  • 864 sqft (on 9.45 acres)

2522 Bear Island River Rd, Ely, MN 55731

Currently Off Market - Sold Jul 2, 2013 for $112,000

Home Value

Trulia Estimate
$254K
Since last month
Decreased$7K (-2.6%)
Since last year
Increased$10K (+4.2%)
Since last sale
Increased$141K (+126.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +50% in the last 10 years
MonthEstimated value
2026
August 2026$253K
July 2026$260K
June 2026$258K
May 2026$255K
April 2026$248K
March 2026$236K
February 2026$224K
January 2026$223K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.52
Single-Family Home
$265,000
05/15/26
2
1
976
3.25
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
3.77
Single-Family Home
$285,000
12/08/25
3
2
1,292
4.53
Single-Family Home
$192,500
07/01/26
1
1
1,008
5.13
Single-Family Home
$108,000
06/22/26
2
1.5
768
5.16
Single-Family Home
$115,000
10/20/25
2
1
912
4.53
Single-Family Home
$187,000
07/28/26
2
1
656
5.07
Single-Family Home
$143,000
12/19/25
2
1
2,024

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.15
-
-
-
-
Off Market
0.16
-
-
-
-
Off Market
0.18
-
-
-
-
Off Market
0.26
$545,000
2
1.5
1,680
Off Market
0.52
$265,000
2
1
976
Recently Sold
0.77
$127,000
3
2
1,260
Off Market
0.85
-
-
-
-
Off Market
0.86
$1,108,200
3
2
2,575
Off Market
0.88
-
-
-
-
Off Market
0.95
-
-
-
-
Off Market
0.96
-
-
-
-
Off Market
1.05
$475,000
2
1.5
1,172
For Sale

Local Information

  • Map ViewExplore the area around 2522 Bear Island River Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2006
Lot Size
9.45 acres
Living Area
864 sqft
Price/Sqft
$294
Parking
Garage

About this House

Year round log cabin nicely situated on a 9+ acre wooded parcel very close to Bear Island Lake. This 24' x 24' cabin has a wrap around deck on 2 sides and a loft bedroom. Heat is provided by two separate propane furnaces, one is a cast iron stove. Power is currently being supplied by a small solar system sufficient to power the lights, ceiling fan, and the microwave. Electricity is also available about 200+/- feet away. Property also includes a classic cedar sauna building which has a wood fired stove and a changing room. There is also a 24' x 30' 2-stall garage on the property. The property presently features an outhouse, but the property has been approved for a septic system. There are trails on the property for hiking or skiing and nearby Bear Island Lake can provide unlimited recreational opportunities as well. Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Phil Hyde
2522 Bear Island River Rd, Ely, MN 55731 is a 1 bedroom, 864 sqft single-family home built in 2006. It last sold for $112,000 on Jul 2, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $254,200, with a rent estimate of $1,380/month.

Home Details for 2522 Bear Island River Rd

Interior Features

Interior Details
BasementIn-law unit
Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1.2000000476837158
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Wood
Parking & Garage
GarageParking Spaces: 2Parking: Garage Detached

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family HomeArchitecture: Log Cabin/Rustic

Community

Units in Building: 1

Lot Information

Lot Area: 9.45 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Jul 2, 2013
Source: Lake Superior Area Realtors as distributed by MLS GRID #1748515
Sold
$112,000
Oct 17, 2012
Source: Agent Provided
PriceChange
$136,000
Price decreased by 9%
Oct 11, 2012
Source: Agent Provided
PriceChange
$149,900
Price increased by 10%
Mar 16, 2012
Source: Agent Provided
Listed For Sale
$136,000
Feb 9, 2012
Source: Agent Provided
ListingRemoved
$149,900

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
98
2
MoM

What Locals Say about Ely

At least 8 Trulia users voted on each feature.
  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."

LGBTQ Local Legal Protections

Frequently asked questions about 2522 Bear Island River Rd

  • What is 2522 Bear Island River Rd estimated to be worth?
    Trulia's estimated value for 2522 Bear Island River Rd in Ely, MN is $254,200.
  • What is the price history for 2522 Bear Island River Rd?
    2522 Bear Island River Rd in Ely, MN last sold for $112,000 in July 2013.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • How big is the lot at 2522 Bear Island River Rd?
    The lot at 2522 Bear Island River Rd in Ely, MN is about 9.5 acres.
  • Does 2522 Bear Island River Rd have a garage?
    Yes, 2522 Bear Island River Rd in Ely, MN has a garage.

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